The management at Vancouver-based Pure Gold must be pleased with the results of test mining at the Madsen gold mine 16 km west of Red Lake.The test is complete having mucked 7,096 tonnes of mineralization from three separate stoping areas, and the results exceeded expectations by almost any criteria.Using a 4.0 g/t gold cut-off, the bulk sample had 46% more tonnes, an 8% higher gold grade, and an...Read More
MOSCOW - The Russian government could buy up to 50,000 tonnes of aluminium for the state reserve, a government decree showed on Wednesday, in a move that would support sanctioned Russian aluminium producer Rusal.The decree, dated Nov. 26, allocated up to 10 billion roubles ($149 million) for the plan and is the initiative of Russian tycoon Oleg Deripaska, a government source told Reuters.Deripaska...Read More
Surge Exploration Inc. (TSXV: SUR) (OTC: SURJF) today announced that it has entered into a purchase and sale agreement with Venture Capital IQ to acquire a 100% interest in nine mineral claims comprising 197 square kilometres in the Omineca Mining Division in north central British Columbia.The company stated that the region is host to numerous operating mines, good infrastructure including experie...Read More
* Plant shut in May after 13 people killed in protests* Vedanta not given notice, opportunity to explain its position* National Green Tribunal to give verdict on Dec. 7NEW DELHI - An Indian court-appointed panel said on Wednesday that there were insufficient grounds to permanently close Vedanta Ltd's copper smelter and a government decision to shut it amounted to administrative overreach.Police fi...Read More
The World Gold Council (WGC) said on Wednesday it would appoint David Tait, an investment banker and member of the Bank of England's market standards board, as chief executive from next year.Tait will take over in February from Aram Shishmanian, the council's CEO for the last decade, the WGC said.Tait's career in banking has included stints at Credit Suisse, UBS and Goldman Sachs as well as severa...Read More
In this current commodity price environment, the mining space is filled with excellent opportunities. That said, risk levels have risen sector-wide, leading to much of the decline in equity values in this space. Here are three of my top picks for investors looking for a decent risk/reward return in this space.Hudbay MineralsFor those interested in gaining exposure to the base metals space, Hudbay...Read More
Mr. W. John DeCooman Jr. of SSR Mining reports SSR MINING ANNOUNCES INVESTMENT IN SILVERCREST METALS INC.SSR Mining Inc. has entered into an agreement with Silvercrest Metals Inc. to purchase, by way of private placement, 8,220,645 common shares of Silvercrest at a price of $3.73 per common share for total consideration of $30,663,006. Paul Benson, president and chief executive officer of SSR Mini...Read More
Mr. Chris Taylor reportsGREAT BEAR REPORTS CONTINUITY OF GOLD FROM SURFACE TO 365 M DEPTH IN DIXIE LIMB ZONE, DIXIE PROJECT, RED LAKE DISTRICTGreat Bear Resources Ltd. has released results from drilling of the Dixie Limb zone (DLZ) completed during the company's summer 2018 drill program and designed to test continuity of gold mineralization to depth.The DLZ is a multikilometre gold-mineralized co...Read More
Vancouver-based Goldcorp has poured the first gold at its Penasquito's Pyrite Leach project (PLP) in Zacatecas. Commissioning of the plant began in Q3 2018, and it is now treating existing tailings around the clock."PLP was a major investment decision for Goldcorp and one of the first that went through our Goldcorp investment framework." said David Garofalo, president and CEO of Goldcorp. "We ar...Read More
Nov 29, 2018 Guest(s): Edward Egilinsky Managing Director, Head of Alternative Investments, Direxion Copper has the best potential of all the metals to outperform in 2019 based on fundamentals, said Edward Egilinsky, managing director of Alternative Investments at Direxion. "I think it would be copper on the standpoint of a deal with China, and also Chinese stimulus within their economy to boost...Read More
Mr. Jason Paltrowitz of the OTC reportsOTC MARKETS GROUP WELCOMES MINAURUM GOLD TO OTCQXMinaurum Gold Inc. has qualified to trade on the OTCQX Best Market.Minaurum Gold upgraded to OTCQX from the Pink market. Minaurum Gold begins trading today on OTCQX under the symbol MMRGF.U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company on the OTC Markets website...Read More
Vancouver-based SilverCrest Metals (TSXV: SIL) today announced that SSR Mining has agreed to purchase 8,220,645 common shares of the Company at a price of $3.73 per share for a total investment of $30.6 million in a non-brokered private placement financing.SSR will own 9.9% of the outstanding common shares of SilverCrest on a non-diluted basis. The private placement is expected to close on or ab...Read More
Uranium Energy Corp Announces the Retirement of Ivan ObolenskyCanada NewsWireCORPUS CHRISTI, TX, Nov. 29, 2018Read More
Australian rare earths miner Lynas Corp (ASX: LYC) plans a short-term production shut down in December at its Lynas Advanced Materials Plant (LAMP) in Malaysia, once its annual production quota is met ahead of time at the end of November, Roskill reported today.Reaching the annual production limit is due to the Lynas NEXT program, which increased neodymium and praseodymium (NdPr) production from 5...Read More
Rio Tinto, (ASX, LON, NYSE:RIO) the world's second largest miner, is set to develop its most technologically advanced mine following the full approval of a $2.6 billion investment in the Koodaideri iron ore mine in Western Australia.The company stated Koodaideri will deliver a new production hub for Rio Tinto's world-class iron ore business in the Pilbara, incorporating a processing plant and infr...Read More
Superior Gold (TSXV: SGI; US-OTC: SUPGF) recently announced results from a phase two reverse circulation drill program at its Hermes South gold project in Western Australia. The company is trying to expand the existing resource at Hermes South and determine if it could become another open pit mine.Highlights from the program include 3 grams gold over 16 metres from 137 metres downhole, 4.4 grams...Read More
Mr. W. John DeCooman Jr. of SSR Mining reports SSR MINING ANNOUNCES INVESTMENT IN SILVERCREST METALS INC.SSR Mining Inc. has entered into an agreement with Silvercrest Metals Inc. to purchase, by way of private placement, 8,220,645 common shares of Silvercrest at a price of $3.73 per common share for total consideration of $30,663,006. Paul Benson, president and chief executive officer of SSR Mini...Read More
Nov 29, 2018 Guest(s): Bart Jaworski CEO & Director, Group Eleven Resources A little known fact is that Ireland is ripe with zinc and is a prime mining ground for the metal, this according to Bart Jaworski, CEO and director of Group Eleven Resources. "A lot of people don't know this but Ireland is actually number one in terms of zinc found per square kilometer, so there's a lot of deposits that...Read More
Getty ImagesAmericans are gearing up to spend this holiday season. Rising incomes and a strong jobs market have lifted consumer confidence to the highest level in almost two decades. The numbers: Americans in October matched their biggest increase in spending this year just as the holiday shopping season kicked off, offering the first clue that the economy might end 2018 with a flourish. Just as...Read More
Mr. Chris Taylor reportsGREAT BEAR REPORTS CONTINUITY OF GOLD FROM SURFACE TO 365 M DEPTH IN DIXIE LIMB ZONE, DIXIE PROJECT, RED LAKE DISTRICTGreat Bear Resources Ltd. has released results from drilling of the Dixie Limb zone (DLZ) completed during the company's summer 2018 drill program and designed to test continuity of gold mineralization to depth.The DLZ is a multikilometre gold-mineralized co...Read More